Page 8 - WSAAG081_Jumbo Booklet

For Your Consideration

Like a powerful tool that comes with
an operating manual, the jumbo loan
boasts many features that should
be carefully weighed before deciding
whether it’s the right financial
instrument to use for your retirement.
The Upside

n You own and retain title to the home

n Loan amounts up to $4 million

n Homes valued up to $10 million may qualify

n No monthly mortgage payments (you are
responsible, however, for home maintenance and the

payment of property taxes and homeowners insurance)

n Tax-free loan proceeds